In a currency quote,the first three letters identify the __________________ and the last three letters identify the _____________________.
A)domestic currency;term currency
B)base currency;term currency
C)foreign currency;base currency
D)domestic currency;foreign currency

Question

Quizplus · Accepted Answer

In a currency quote, the first currency listed is known as the base currency and the second currency listed is known as the term currency. Therefore, option B is the correct choice with base currency being identified by the first three letters and term currency by the last three letters.

In a Currency Quote,the First Three Letters Identify the __________________